Pure Health Holding’s profits cross AED 1.4bn in 9M-24 - Mubasher Info

Pure Health
PUREHEALTH -1.45% 3.39 -0.05

Abu Dhabi – Mubasher: Pure Health Holding recorded higher net profits at AED 1.43 billion in the first nine months (9M) of 2024, an annual rise of 13% from AED 1.27 billion.

Revenues hiked by 56% year-on-year (YoY) to AED 18.95 billion in 9M-24 from AED 12.11 billion, according to the financial results.

Basic and diluted earnings per share (EPS) maintained its value at AED 0.13 as of 30 September 2024.

Total assets jumped by 72% to AED 48.40 billion as of 30 September 2024, with the group reporting a cash balance of AED 8.70 billion.

Financials for Q3-24

In the third quarter (Q3) of 2024, the company achieved net profits after tax worth AED 432 million, against net losses worth AED 79.98 million in Q3-23.

The revenues jumped to AED 6.45 billion in Q3-24 from AED 3.96 billion in Q3-23. The EPS hit AED 0.04 when compared to a loss per share of AED 0.01.

Shaista Asif, Group CEO of Pure Health, commented: “Our recent acquisition and associated integration — Circle Health in the UK and SSMC in Abu Dhabi — have strengthened our healthcare network, enhanced operational efficiency, expanded market presence, and advanced patient care with innovative solutions.”

“Our digital transformation efforts and AI-driven advancements highlight our commitment to pushing the boundaries of healthcare and emerging specialties using cutting-edge technology,” Asif continued.

As of 30 June 2024, the ADX-listed company posted 8% YoY higher net profits at AED 1 billion.

Source: Mubasher Source: {{details.article.source}}